Question

Noor Bakhat & Company purchased a factory machine of Rs. 51,000 on January 1, 2015. The machine is expected to have a salvage value of Rs. 6,000 at the end of its 5 year useful life. During the useful life, the machine is expected to be used for 5,000 hours​

Answer 1

Note : November 16 is a Cash transaction, hence will not be recorded.

31. Prepare Sales Book from the following details-

2016

✓ March

8 Sold to Shri Omprakash, Ratlam at 15% trade discount-

20 Than silk cloth @ 250 each 2 dozen Bed sheets a 3.50

per bed sheet

50 meter cotton cloth @ 20

per meter.

March 20 Sold to Shri Ratanlal, Jabalpur at 10% trade discount-

30 pieces Woollen Shawls @ * 600 per dozen.

4 dozen pillow covers @ 10 per cover.

[ Ans. Total of Sales Book * 7,902)

32. Enter the following transactions in the Sales Book of M/s Naman